1. What is Out The Door Price?

The Out The Door (OTD) price is the total amount you pay to drive a vehicle off the dealership lot. It includes the vehicle's price, taxes, registration fees, documentation fees, and any other additional costs.

2. How Does the Calculator Work?

The calculator uses the OTD price formula:

Where:

• Vehicle Price — The negotiated price of the vehicle
• Tax Rate — Your local sales tax rate as a percentage
• Fees — Mandatory fees (registration, documentation, etc.)
• Additional Costs — Optional add-ons or services

Explanation: The equation accounts for all costs associated with purchasing a vehicle to give you the true total cost.

3. Importance of OTD Price

Details: Knowing the OTD price helps you budget accurately and compare offers between dealerships. It prevents surprises when finalizing your purchase.

4. Using the Calculator

Tips: Enter the vehicle's base price, your local tax rate, any mandatory fees, and optional costs. All monetary values should be in dollars.

5. Frequently Asked Questions (FAQ)

Q1: What fees are typically included?
A: Common fees include sales tax, title/registration fees, documentation fees, and dealer preparation fees.

Q2: Is the OTD price negotiable?
A: Yes, everything in the OTD price can potentially be negotiated, though some fees are fixed by law.

Q3: Should I focus on monthly payment or OTD price?
A: Always negotiate the OTD price first, then discuss financing. Focusing only on monthly payment can hide higher total costs.

Q4: Are there costs not included in OTD price?
A: OTD typically doesn't include ongoing costs like insurance, fuel, or maintenance.

Q5: How can I reduce my OTD price?
A: Negotiate the vehicle price, ask for fee waivers, research tax credits/rebates, and consider timing your purchase.